Ukunaka kwabatshalizimali kuzophendukela kwisibalo sakamuva sokwehla kwamandla emali kwe-Eurozone, ngenxa yokukhathazeka kwe-ECB mayelana nenani eliphakeme le-euro

UFebhu 26 • Ingqondo I-Gap • Ukubukwa okungu-5993 • Amazwana Off ukunakwa kwabatshalizimali kuzophendukela kwinani lakamuva lokwehla kwamandla emali le-Eurozone, ngenxa yokukhathazeka kwe-ECB mayelana nenani eliphakeme le-euro

NgoLwesithathu ngoFebhuwari 28, ngo-10: 00 am GMT (isikhathi saseLondon), kuzokhishwa isilinganiso esisha se-Eurozone CPI (intengo yamanani abathengi). Isibikezelo, esitholwe ngokuthatha umbono wokuvumelana kosomnotho abaningi abahamba phambili, sibikezela ukwehla kwe-1.2% YoY ngoFebhuwari, kusuka ku-1.3% okurekhodwe kuze kufike kuJanuwari 2018. Isibalo sanyanga zonke sokwehla kwamandla emali sikaJanuwari (MoM) sashaqisa izimakethe, ngokufika ku -0.9%, ngemuva kokunyuka kuka-0.4% ngoDisemba.

Lesi sibalo sizolindelwa ngabatshali zimali nabadayisi, ngenxa yezingxoxo ezehlukene ezezimali ezehlukene zabezindaba, maqondana nokuzibophezela kwe-ECB ekunikezeni ukuphuma kwabo ku-APP (uhlelo lokuthengwa kwempahla kulo nyaka). Ngokomhlahlandlela wokudlulisela phambili weqembu likaMario Draghi elethwe ngo-2017, i-ECB ihlose ukuqala ngokufaka uhlelo (lwendlela yokwehlisa amanani) ngolaka ezingxenyeni ezintathu zokuqala zika-2018, ngenhloso yokuqeda i-APP ku-Q4. Bekukhona nokusikisela, yize kunamahemuhemu amaningi, okuthi ibhange eliphakathi le-Eurozone lingacabanga ngisho nokukhuphula inani lenzalo, lisuka phansi laya ku-0.00%. Kodwa-ke, kunezinkinga ezimbili ezingaphazamisa zombili izinhloso.

Okokuqala, ngaphandle kohlelo lwe-APP, i-CPI (ukwehla kwamandla emali) isalokhu iphansi ngenkani, i-ECB ihlose ukuthola inani elingaphezulu noma elingaphezulu kuka-2%, isibalo seYoY sesizungeze isibalo esingu-1.5% izinyanga ezimbalwa, lapho i-ECB yayithemba / kuhlelwa ukuthi uhlelo luzokhuphula amandla emali. Izinga lenzalo eliphakeme alinakukhuphula ukwehla kwamandla emali, kanti ngenkathi i-QE ekhuphukile ingakhuphula amandla emali, i-ECB iyoba madolonzima ukwenza lokho.

Okwesibili, i-ECB ngokusobala ikhathazekile ngokuthi inani le-euro liphezulu kakhulu uma liqhathaniswa neningi lontanga, ikakhulukazi i-yen, idola laseMelika kanye nepondo lase-UK. Ukuqeda i-QE nokuphakamisa izinga lenzalo kungenzeka kukhuphule inani le-euro. I-ECB ithintwa yizinqubomgomo zezimali zamanye amabhange amakhulu, ezezimali zasekhaya ezibalwe, ayizilawuli ikusasa lazo. Ngakho-ke kunamathuluzi athile kuphela angalisebenzisa ukukala inani lemali ye-bloc eyodwa.

Uma i-CPI ingadedela noma ihlangane, ishaye, noma ilahlekelwe yisibikezelo, okulindelwe ukuthi i-euro izosabela ekukhishweni ngenxa yokuthi ukukhishwa kwamandla emali kuthathwa njengokukhishwa kwedatha okunzima, okuvame ukuthinta inani lemali ephathelene ekukhululweni. Unalokho ngokuthengisa abathengisi bemali (abagxile kuma-euro ngababili), kufanele baqaphe izikhundla zabo ngokucophelela.

IZIMETRIKI ZOMNOTHO EZISEMQOKA EZIBALULEKILE EMCIMBINI WEKHALENDA.

• I-GDP YoY 2.7%.
• Isilinganiso senzalo 0.00%.
• Izinga lentengo ye-1.3%.
• Izinga lokwehla kwamandla emali nyangazonke -0.9%.
• Izinga lokungasebenzi 8.7%.
• Isikweletu v GDP 88.9%.
• Ukukhula komholo u-1.6%.

Amazwana zivaliwe.

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